Navigation Links
Nation's Hospitals Thrive as N.J. Facilities Struggle
Date:11/11/2008

Garden State Stands Apart in Hospital Closures and Bankruptcies

PRINCETON, N.J., Nov. 11 /PRNewswire-USNewswire/ -- New data released by the American Hospital Association shows that U.S. hospitals enjoyed healthy profits in 2007 - the same year that New Jersey hospitals experienced an unprecedented rash of hospital bankruptcies and closures.

According to AHA Hospital Statistics - 2009 Edition, released last week, the nation's hospitals posted an average operating margin of 4.3 percent in 2007. Operating margins measure profits or losses based purely on operations, not investment income.

That margin reflected the largest single-year jump in at least 15 years, according to the healthcare trade journal Modern Healthcare.

The contrast for New Jersey's hospitals is dramatic. In New Jersey, the average operating margin was 1.3 percent, according to NJHA's analysis of audited financial data. Nearly 50 percent of the state's hospitals lost money in 2007. Five filed for bankruptcy protection. And three acute care hospitals ceased operations.

That troubling trend has continued in 2008, with an additional five acute care hospitals closing their doors.

"The contrast is striking between the financial health of the nation's hospitals overall and the grim picture here in New Jersey," said NJHA President and CEO Betsy Ryan. "Garden State hospitals are struggling to survive in a very unfriendly landscape compared with their counterparts across the country. It's a problem that needs to be carefully examined before our patients face an all-out access-to-care crisis."

Hospitals officials cautioned that 2008 promises to be an exceptionally difficult year for hospitals, both in New Jersey and nationwide. The nation's ongoing economic woes not only threaten hospitals' investment income and credit costs, but also increase the demands of the uninsured as more Americans face layoffs and the loss of their health insurance coverage.

<
'/>"/>
SOURCE New Jersey Hospital Association
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Car Donations: "Tired Wheels" Turned Into Donation Dollars for Ronald McDonald House Charities, San Diego
2. Spokesman at the United Nations Joins DaVita
3. The Champalimaud Foundation Invites Nominations and Applications for Its 2009 Vision Award
4. Donations, Education, and People-Power Mark MassMutual Breast Cancer Awareness Month Efforts
5. Convenience is Key to Adult Flu Vaccinations
6. 2009 Nominations Open for The Dr. Paul Janssen Award for Biomedical Research
7. PSE&G Childrens Specialized Hospital and New York Giants Team Up to Enable Donations to Hospital Through Texting
8. Cuban Disaster Relief Donations Sought in the Wake of Hurricane Gustav
9. Charities take note: Personal relationships increase donations
10. Single-Pill Combinations Diovan HCT and Exforge Approved in US as First-Line Treatments for High Blood Pressure
11. Hunger Is Happening National Food Drive a Huge Success -- Donations Will Serve 68,000 Meals
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/3/2015)... ... 03, 2015 , ... Representatives with Health Food Grocers today announced ... ‘Ask a Nutritionist’ feature on our website is a free service to our community ... and spokeswoman for Health Food Grocers. , Health Food Grocers’ website offers a variety ...
(Date:8/3/2015)... ... August 03, 2015 , ... Code , an industry ... cable , a Bluetooth Code Reader accessory that enables a wireless connection between the ... T500 helps enable a variety of barcode reading applications with iPads, Galaxy Tabs, and ...
(Date:8/3/2015)... (PRWEB) , ... August 03, 2015 , ... ... the Atlanta Journal Constitution, the new Lifetime reality series, “Atlanta Plastic” is getting ... and who receives plastic surgery, with its predominantly African-American cast of doctors and ...
(Date:8/3/2015)... ... August 03, 2015 , ... They know every second counts. ... Vincent Medical Center offers some of the best care in the nation. For the ... achieved the fastest average blood clot removal time in the country. During the months ...
(Date:8/3/2015)... ... August 03, 2015 , ... ... ruled in favor of the firm’s client Rebecca Hamsher, deciding that in accordance ... must reimburse benefits for Hamsher’s residential treatment for bulimia, depression and other mental ...
Breaking Medicine News(10 mins):Health News:Health Food Grocers Launches "Ask a Nutritionist" Service 2Health News:Health Food Grocers Launches "Ask a Nutritionist" Service 3Health News:Code Launches the T500, an Innovative Code Reader Accessory 2Health News:Code Launches the T500, an Innovative Code Reader Accessory 3Health News:Article on Lifetime’s New “Atlanta Plastic” Reality Series Underlines the Diversity of Today’s Plastic Surgery Patients, Says Plastic Surgeon Dr. J 2Health News:Article on Lifetime’s New “Atlanta Plastic” Reality Series Underlines the Diversity of Today’s Plastic Surgery Patients, Says Plastic Surgeon Dr. J 3Health News:Providence St. Vincent Stroke Care Recognized Among Best in the Country 2Health News:Providence St. Vincent Stroke Care Recognized Among Best in the Country 3Health News:Kantor & Kantor Announces North Cypress Medical Center Must Reimburse Benefits for Mental Health Treatment 2Health News:Kantor & Kantor Announces North Cypress Medical Center Must Reimburse Benefits for Mental Health Treatment 3
... and Podcast VOORHEES, N.J., Feb. 26 The ... is changing and has been marked by increasing ... the epidemic strain continues to be reported in ... States, and worldwide.To address the need for current ...
... Corporation (NYSE: CVS ) today announced ... Officer and Chief Administrative Officer, will be making ... Institutional Investors Conference on March 10, 2009. Mr. ... a.m. EDT. (Logo: http://www.newscom.com/cgi-bin/prnh/20090226/NE75914LOGO )An ...
... for Tired Baby BoomersMINNEAPOLIS, Feb. 26 ... findings indicating that Bioenergy Ribose(TM) lessens fatigue ... at the Scripps Integrative Conference(1). Bioenergy Ribose ... functional ingredient for foods and beverages as ...
... do not save more in treatment costs under ... are healthier, according to a recent study. , ... patients, payers and employers," said Dennis Scanlon, professor ... lead author of the study. "Assessing the financial ...
... appearing in the March 2009 issue of the ... lead to improvements in the efficacy of the current ... a new role for type I interferon, in which ... an immune response against the bacterium known to cause ...
... day be used as an ingredient in sunscreen, researchers say ... suggested that caffeine might offer some protection from skin cancer, ... what we believe to be the mechanism by which caffeine ... Paul Nghiem, an associate professor of dermatology at the University ...
Cached Medicine News:Health News:Interview with GI Experts: Discussions in Clostridium difficile 2Health News:CVS Caremark Corporation to Present at the Raymond James Institutional Investors Conference on March 10th 2Health News:Bioenergy Ribose Found to Improve Vitality, Aerobic Fitness and Mental Outlook 2Health News:Bioenergy Ribose Found to Improve Vitality, Aerobic Fitness and Mental Outlook 3Health News:Team-based diabetes care fetches more value for dollar 2Health News:New discovery gives tuberculosis vaccine a shot in the arm 2Health News:Caffeine May Offer Some Skin Cancer Protection 2Health News:Caffeine May Offer Some Skin Cancer Protection 3
(Date:8/3/2015)... , Aug. 3, 2015  BC Technical, the nation,s ... Ohio Valley Medical Systems, one of the largest MRI ... addition of Ohio Valley Medical Systems allows BC Technical ... Hitachi MRI.   "We couldn,t be more ... President and CEO of BC Technical. "The Ohio Valley ...
(Date:8/3/2015)... HOUSTON and MINNEAPOLIS ... BSX ) has become a significant shareholder ... marketing representative for Preventice Solutions for cardiology-related diagnostic ... marks an important strategic milestone for Preventice Solutions," ... Global Strategy Officer, co CEO, Preventice Solutions.  "We ...
(Date:8/3/2015)... Ill. , Aug. 3, 2015 Your ... problem, and you,re looking for the best possible outcome. ... the best outcome too, and now there,s a ... Following steps recommended by the American Orthopaedic Foot ... surgery can help you avoid complications and heal as ...
Breaking Medicine Technology:BC Technical Acquires Ohio Valley Medical Systems 2Boston Scientific Announces Equity Investment And Sales Cooperation Agreement With Preventice Solutions 2Patient Guide: How to Prepare for Surgery 2
... ROCKVILLE, Md., Oct. 15 Novavax, Inc. (Nasdaq: ... Chief Executive Officer, and members of senior management will provide ... results via a webcast and conference call on Friday, November ... access the live audio webcast of the conference call, or ...
... CareFusion (NYSE: CFN ), a leading, global ... disclosed recall of approximately 17,000 Alaris® PC units model 8015 ... FDA has classified this action as a Class I recall. ... is a reasonable probability that the use of or exposure ...
Cached Medicine Technology:CareFusion Recall of Alaris PC Units Model 8015 Classified as Class I Recall 2CareFusion Recall of Alaris PC Units Model 8015 Classified as Class I Recall 3
Open 14 mm blades with 6 mm lifting wings. Dull finish....
Solid 14 mm blades. Dull finish....
Angled upward 45 degrees for temporal approach. Open 14 mm blades....
Pediatric model. Blades: 10 mm. Solid blades with locking mechanism. Dull finish....
Medicine Products: